Whale Deposits $5M to Short Gold and Silver with 4x and 3x Leverage

Whale Strategy: Heavy Bets Against Gold and Silver

According to Onchain Lens monitoring, on February 21, whale address '0xaCB' injected $5 million in USDC into a trading platform.

Notably, the whale not only increased its short position in gold but also opened a new short position in silver. The current holdings are as follows:

• Gold short position: 2,978.17 units (valued at approximately $15.21 million)
• Silver short position: 97,085.91 units (valued at approximately $8.22 million)

Analysts suggest this move reflects a strong bearish outlook on precious metals and could significantly impact short-term price trends.